Market Maker Surveillance Report. EWZ, XOM, IAG, ABX, MPEL, ITUB, Bullishly Biased Price Friction For Wednesday, December 28th
December 28, 2016 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Wednesday there were 5317 companies with "abnormal" market making, 2093 companies with positive Friction Factors and 4376 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. iShares MSCI Brazil Index Fund (NYSE:EWZ), Exxon Mobil Corporation (NYSE:XOM), IAMGOLD Corporation (NYSE:IAG), Barrick Gold Corporation (NYSE:ABX), Melco Crown Entertainment Limited (NASDAQ:MPEL), Itau Unibanco Holding S.A. (NYSE:ITUB). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Market Maker Friction Factor is shown in the chart below:
Symbol Change Percent Buy Volume Buy %% Sell Volume Sell %% Net Volume Friction EWZ $0.510 0.02% 3,505,213 27.09% 4,385,862 33.90% -880,649 Abnormal XOM $0.080 0.00% 1,284,061 15.05% 3,258,997 38.19% -1,974,936 Abnormal IAG $0.100 0.03% 6,017,988 37.95% 6,988,553 44.07% -970,565 Abnormal ABX $0.440 0.03% 5,193,897 26.67% 7,249,299 37.22% -2,055,402 Abnormal MPEL $0.120 0.01% 1,189,696 23.13% 3,167,023 61.58% -1,977,327 Abnormal ITUB $0.280 0.03% 3,821,064 27.52% 5,003,135 36.03% -1,182,071 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Wednesday and their stock prices rose. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows EWZ with 880,649 greater shares of selling than buying (NetVol) and the stock price was up $0.51000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
iShares MSCI Brazil Index Fund (NYSE:EWZ) - ISHARE MSCI BRAZI.
Exxon Mobil Corporation (NYSE:XOM) - Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas..
IAMGOLD Corporation (NYSE:IAG) - IAMGOLD Corporation explores for, develops, and operates mining properties in North and South America, and West Africa. The company explores for gold, copper, zinc, and silver. The company owns interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine southwestern Qu bec, Canada; and C t gold development project located to the southwest of Gogama, Ontario. It also holds interests in various exploration projects, including Boto gold project in eastern Senegal; and Pitangui project located in Brazil. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada..
Barrick Gold Corporation (NYSE:ABX) - Barrick Gold Corporation engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper, and nickel deposits. The company s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero. As of December 31, 2015, it had proven and probable gold reserves of 91.9 million ounces; and 11.7 proven and probable copper reserves of billion pounds. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada..
Melco Crown Entertainment Limited (NASDAQ:MPEL) - Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,250 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 124 gaming tables and 62 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 200 gaming tables and 1,175 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,259 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco PBL Entertainment (Macau) Limited and changed its name to Melco Crown Entertainment Limited in May 2008. Melco Crown Entertainment Limited was incorporated in 2004 and is headquartered in Central, Hong Kong..
Itau Unibanco Holding S.A. (NYSE:ITUB) - Ita Unibanco Holding S.A. provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts time, savings, and demand deposits; and offers personal, payroll, vehicle, and mortgage loans, as well as credit cards. The company also provides asset management, custody and bookkeeping, consortium, investment banking, and electronic payment means services, as well as private banking services. In addition, it offers property, casualty, and life insurance products, as well as reinsurance products; pension plans; and consumer finance credit, as well as capitalization, leasing, and brokerage services. Ita Unibanco Holding S.A. has 4,891 branches and client service branches; 94 digital branches; and 2 6,412 automated teller machines. The company was formerly known as Ita Unibanco Banco M ltiplo S.A. and changed its name to Ita Unibanco Holding S.A. in April 2009. Ita Unibanco Holding S.A. was founded in 1944 and is headquartered in S o Paulo, Brazil..
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